“Macquarie Bank has been actually buying home loan portfolios that have been originated by other organisations,” Quote from the ABC proves that the banks never learn. The on selling of their loans as Mortgage Backed Securities & Collateralised Debt Obligations takes the risk off the originator’s books but causes a hell of a mess when they go bad. It creates global networks of banks and financial institutions that all implode together as in the start of the GFC.
AMP has finally woken up to the fact that investors in a collapsing market do not have the same commitment to paying a mortgage that owner occupiers do. Unlike the other vampire squids sucking the life blood out of our economy.

Even if you could satisfy the new banking criteria for investor loans you would have to have rocks in your head to commit to one.
By the sounds of it the chinese Stockmarket is putting pressure on sales as well.